Copart, Inc. $CPRT Stake Increased by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in Copart, Inc. (NASDAQ:CPRTFree Report) by 18.3% in the first quarter, Holdings Channel.com reports. The firm owned 59,118 shares of the business services provider’s stock after purchasing an additional 9,140 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Copart were worth $3,350,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Cloud Capital Management LLC purchased a new stake in shares of Copart in the first quarter valued at $26,000. Sunbelt Securities Inc. purchased a new stake in shares of Copart in the fourth quarter valued at $31,000. Accent Capital Management LLC purchased a new stake in shares of Copart in the first quarter valued at $36,000. Financial Network Wealth Advisors LLC lifted its holdings in shares of Copart by 152.6% in the first quarter. Financial Network Wealth Advisors LLC now owns 783 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 473 shares in the last quarter. Finally, SouthState Corp purchased a new stake in shares of Copart in the first quarter valued at $45,000. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Trading Up 0.1%

Shares of NASDAQ:CPRT opened at $47.68 on Friday. The firm has a market cap of $46.10 billion, a price-to-earnings ratio of 31.37 and a beta of 1.04. Copart, Inc. has a 1 year low of $45.05 and a 1 year high of $64.38. The business has a fifty day simple moving average of $47.34 and a 200 day simple moving average of $53.59.

Copart (NASDAQ:CPRTGet Free Report) last posted its earnings results on Thursday, May 22nd. The business services provider reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.23 billion. Copart had a net margin of 32.21% and a return on equity of 18.20%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 earnings per share. On average, sell-side analysts forecast that Copart, Inc. will post 1.57 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CPRT. Robert W. Baird cut their price objective on Copart from $64.00 to $55.00 and set an “outperform” rating for the company in a report on Thursday, July 17th. Stephens began coverage on Copart in a report on Tuesday, July 8th. They set an “equal weight” rating and a $50.00 price objective for the company. Finally, JPMorgan Chase & Co. cut their price objective on Copart from $60.00 to $55.00 and set a “neutral” rating for the company in a report on Friday, May 23rd. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $53.33.

Read Our Latest Research Report on CPRT

Insider Buying and Selling

In other Copart news, CEO Jeffrey Liaw sold 24,088 shares of the stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $46.43, for a total transaction of $1,118,405.84. Following the transaction, the chief executive officer directly owned 31,527 shares of the company’s stock, valued at $1,463,798.61. This represents a 43.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 9.68% of the stock is owned by insiders.

About Copart

(Free Report)

Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.

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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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